Giga-tronics (OTCMKTS:GIGA) Downgraded by ValuEngine

ValuEngine cut shares of Giga-tronics (OTCMKTS:GIGA) from a buy rating to a hold rating in a report issued on Saturday, ValuEngine reports.

Shares of OTCMKTS GIGA opened at $4.35 on Friday. Giga-tronics has a 1 year low of $4.17 and a 1 year high of $4.50. The company’s 50-day moving average is $0.86 and its 200 day moving average is $0.46. The stock has a market capitalization of $10.60 million, a P/E ratio of -5.80 and a beta of 1.01.

Giga-tronics Company Profile

Giga-tronics Incorporated, together with its subsidiaries, designs, manufactures, and markets modular test products for electronic warfare in the Americas, Europe, Asia, and internationally. The company operates through two segments, Microsource and the Giga-tronics Division. The Microsource segment develops and manufactures a line of yttrium, iron, and garnet tuned oscillators, filters, and microwave synthesizers for use in operational applications, as well as in manufacturing a range of microwave instruments and devices.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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